We study the transport properties of strongly interacting matter in the context of ultrarelativistic heavy ion collision experiments. We calculate the transport coefficients viz. shear viscosity ($eta$) and electrical conductivity ($sigma_{rm{el}}$) of the quark-gluon plasma phase in the presence of momentum anisotropy arising from different expansion rates of the medium in longitudinal and transverse direction. We solve the relativistic Boltzmann kinetic equation in relaxation time approximation to calculate the shear viscosity and electrical conductivity. The calculations are performed within the quasiparticle model to estimate these transport coefficients and discuss the connection between them. We also compare the electrical conductivity results calculated from the quasiparticle model with the ideal case. We compare our results with the corresponding results obtained in the different lattice as well as model calculations.